NEWRIVER REIT PLC — Director's Dealing 2017

Jun 20, 2017

National Storage Mechanism | Additional information

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RNS Number : 6505I

NewRiver REIT PLC

20 June 2017

20 June 2017

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

The Company has been notified that:

(1)  on 19th June 2017, David Lockhart has exercised and sold 44,355 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009;

(2)  on 19th June 2017, David Lockhart has exercised 71,937 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009. In order to cover the associated tax liability, 32,486 shares were sold. David Lockhart has retained the balance of shares, giving him a total shareholding of 1,594,051 ordinary shares;

(3)  on 19th June 2017, Nick Sewell has exercised and sold 23,286 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009. He has a total shareholding of 149,932 ordinary shares; and

(4)  on 20th June 2017, Allan Lockhart has exercised and sold 54,337 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Lockhart

2

Reason for the notification

a)

Position/status

PDMR - Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NewRiver REIT plc

b)

LEI

2138004GX1VAUMH66L31

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of one pence each

GB00BD7XPJ64

b)

Nature of the transaction

Exercise and sale of 44,355 nil cost share options granted under the NewRiver Retail Limited Deferred Bonus Plan 2009.

Exercise of 71,937 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.474	76,841

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

19 June 2017

f)

Place of the transaction  

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Sewell

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NewRiver REIT plc

b)

LEI

2138004GX1VAUMH66L31

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of one pence each

GB00BD7XPJ64

b)

Nature of the transaction

Exercise and sale of 23,286 nil cost share options granted under the NewRiver Retail Limited Deferred Bonus Plan 2009.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.48	23,286

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

19 June 2017

f)

Place of the transaction  

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Allan Lockhart

2

Reason for the notification

a)

Position/status

PDMR - Property Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NewRiver REIT plc

b)

LEI

2138004GX1VAUMH66L31

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of one pence each

GB00BD7XPJ64

b)

Nature of the transaction

Exercise and sale of 54,337 nil cost share options granted under the NewRiver Retail Limited Deferred Bonus Plan 2009.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.478	54,337

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

20 June 2017

f)

Place of the transaction  

London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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